TransCanada announced today that it is altering the scope of its proposed Energy East Pipeline Project (Energy East) by dropping plans to build a marine terminal and associated tank terminals at Cacouna, Québec. Alternative options are currently being reviewed and TransCanada expects to file any new amendments to the regulatory application with the National Energy Board (NEB) in Q4 of this year. As a result, the project schedule has been extended and Energy East’s in-service date is now 2020, two years later than initially planned.
The project is in the midst of its regulatory review process with the NEB. If built, Energy East would transport more than one million barrels per day of oil-sands crude from Alberta to refineries in eastern Canada.